Brown & Brown Stock (NYSE:BRO)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$104.63

52W Range

$66.73 - $106.02

50D Avg

$97.75

200D Avg

$85.52

Market Cap

$29.65B

Avg Vol (3M)

$1.10M

Beta

0.83

Div Yield

$0.52 (0.50%)

BRO Company Profile


Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The National Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also offers outsourced product development, marketing, underwriting, actuarial, compliance, and claims and other administrative services to insurance carrier partners; and commercial and public entity-related programs, and flood insurance products. It serves through independent agents. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. The company was founded in 1939 and is headquartered in Daytona Beach, Florida.

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Industry

Insurance - Brokers

Sector

Financial Services

Exchange

NYSE

ADR

-

Country

US

Employees

16,152

IPO Date

Feb 11, 1981

Website

BRO Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Core Commission Revenue$2.87B$2.38B$2.01B
Fee Revenue$996.50M$911.20M$833.03M
Other Supplemental Commissions Revenue$177.80M$159.20M-
Profit Sharing Contingent Commission Revenue$129.90M$88.70M$82.23M
Earned premium-$26.40M-
Guaranteed Supplemental Commission Revenue--$19.00M
Incentive Commission Revenue--$103.25M

Fiscal year ends in Dec 23 | Currency in USD

BRO Financial Summary


Dec 23Dec 22Dec 21
Revenue$4.26B$3.57B$3.05B
Operating Income$1.15B$973.90M$857.50M
Net Income$870.50M$671.80M$587.10M
EBITDA$1.15B$1.16B$1.01B
Basic EPS$3.11$2.38$2.08
Diluted EPS$3.10$2.37$2.07

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q2 24Jul 23, 24 | 2:00 PM
Q1 24Apr 23, 24 | 1:09 PM
Q4 23Jan 23, 24 | 11:52 AM

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